Wednesday, December 25, 2019
All The President s Men By Bob Woodward And Carl Bernstein
All The President s Men by Bob Woodward and Carl Bernstein tells the story behind the Watergate scandal. It all started with a burglary at the Democratic headquarters, but proved to be something much more complex. This story tells how two reporters worked with sources to uncover deceit in the highest levels of government. On June 17, 1972, Woodward was asked to cover a story for his job at the Washington Post. There had been a burglary at the Watergate hotel. When he arrived at the newsroom, he discovered that this wasn t an ordinary burglary, and he wasn t the only one reporting on it. The burglars had broken into the headquarters of the Democratic national committee in the Watergate office-apartment-hotel-complex. Bernstein had the same assignment. The two men had no appreciation for each other. At the trial, Woodward realized that there might be more to the story. Bernstein did some research of his own while he was taking a few days off of work. He interviewed others and observed that the White House wasn t the well-oiled machine it came across as being. Some viewed the President s men with scorn. On June 22, President Nixon publicly stated that the White House had no involvement with the particular incident, Watergate. The reporters, now working together, noticed that he used the words this particular incident. Powerful men resigned from their jobs, and Bernstein and Woodward learned about a secret fund used to undermine Democratic political campaigns usingShow MoreRelatedWas All The President s Men By Carl Bernstein And Bob Woodward Essay1382 Words à |à 6 PagesThe book I chose to do my book review on was All The President s Men by Carl Bernstein and Bob Woodward and throughout the report I will discuss the power that the press has. On June 17, 1972, the United States had changed for both journalism and politics. A common break in was failed as the downfall of President Richard Nixon was eminent, while two young journalists from the Washington Post Carl Bernstein and Bob Woodward had risen to their glory of the biggest reporting story of their careersRead More All the Presidents Men Essay example854 Words à |à 4 PagesAll the Presidents Men The movie ââ¬Å"All the Presidents Menâ⬠(1976), is based on the work of Bob Woodward and Carl Bernstein two Washington Post newspaper writers, who uncovered the cover-up of the White Houses involvement in the Democratic Party National headquarters, Watergate, break-in. At first, Bob Woodward discovers what seems to be a minor break-in but is surprised to find that top lawyers were already on the defense case. He also discovers that names and addresses of Republican fundRead MoreAll The President s Men1140 Words à |à 5 PagesAll the President s Men can be seen as an historical document describing journalism during the 70ââ¬â¢s. Along with this, we learn how paranoia affects individuals and the publishing process. The film also gives us some insight on how American institutions such as newspapers and the government are viewed. Some opinions vary, due to paranoia or belief in a conspiracy. The film covers the major political scandal known as Watergate, and the subsequent in vestigation and reporting through Bob Woodward andRead MoreAll The President s Men1718 Words à |à 7 Pages150: Media and Society 7 December 2016 All the President s Men versus Everyone Else The Watergate Scandal is arguably one of the worst cases of illegal activities where a President has abused public trust, presidential power, and deliberately obstructed justice. President Richard Nixon had committed and attempted to cover up those illegal activities through harassment, impediment, and denial; however, Washington Post reporters Bob Woodward and Carl Bernstein uncovered details of the Watergate scandalRead MoreFilm Analysis Of All The Presidents Men1270 Words à |à 6 PagesAnalysis of All the President s Men All the President s Men, the 1976 film directed by Alan J. Pakula, is a detective thriller that portrays the story behind the Washington Post reporter s Bob Woodward and Carl Bernstein s Pulitzer Prize winning relentless pursuit of the Watergate conspiracy. It initially started as a local burglary story and eventually led to the resignation of President Nixon. Over 40 years after Nixon s resignation, the Academy Award winning film was shown on July 14, 2017Read MoreAll The Presidents Men Ap Government Paper1371 Words à |à 6 PagesAll the Presidents Men All the presidents men begins on June 17 1972 when five burglars broke into the Democratic National headquarters, which was located at the Watergate Hotel. Most of the Newspapers disregarded the story as just another break in but Two reporters for the Washington post stuck with the story till the End. The two reporters named Carl Bernstien and Bob Woodward realized that this break in was some how involved in the up coming election but they did not know how. Their firstRead MoreCarl Bernstein And Bob Woodward846 Words à |à 4 PagesCarl Bernstein and Bob Woodward were dedicated young reporters at the time Watergate occurred. There dogged pursuit for the truth kept the story from falling into obscurity. Woodward was a relatively new reporter at the time, a Yale graduate, and a Navy veteran. Bernstein dropped out of college and he started working in the newspaper industry at the age of sixteen. By age nineteen, he was a full-time reporter for the Washington Star. Although they were young, and Woodward had not even been a PostRead MoreMovie Review : Norma Rae904 Words à |à 4 Pagesidea of the movie is shown in itââ¬â¢s slogan: à «The story of a woman with the courage to risk everything for what she believes is rightà ». Movie is filmed believable and realistic, and this stor y really touches everyone. We see how regular people, like all us, are working hard from early morning to night in a textile factory in intolerable conditions and get a pittance. Nobody cares about them, and these people work like robots. The main character of this story, Norma Rae, meets a man from the Union,Read MoreFilm Critique of All the Presidents Men1541 Words à |à 7 PagesOpening in theaters around the United States in April of 1976, All the Presidents Men paints quite an accurate account of American journalism yet at the same time is a suspenseful adventure that manages to entertain and inform its viewers. Vincent Canby, a reviewer for the New York Times called the movie, an unequivocal smash-hitÃâ"the thinking mans Jaws. Because the film is written from the perspective of Bob Woodward and Carl Bernstein, the movie works as a blockbuster, and not just a documentaryRead More Film Critique of All the Presidents Men Essay1497 Words à |à 6 PagesOpening in theaters around the United States in April of 1976, All the Presidentââ¬â¢s Men paints quite an accurate account of American journalism yet at the same time is a suspenseful adventure that manages to entertain and inform its viewers. Vincent Canby, a reviewer for the New York Times called the movie, ââ¬Å"an unequivocal smash-hitââ¬âthe thinking manââ¬â¢s Jaws.â⬠Because the film is written from the perspective of Bob Woodward and Carl Bernstein, the movie works as a blockbuster, and not just a documentary
Tuesday, December 17, 2019
Essay about The Role of Fashion Promotion Within the...
The Role of Fashion Promotion Within the Fashion Industry I am going to write about what the role of fashion promotion is within the fashion industry and discuss how it might develop in the next five years. To do this I shall review what fashion promotion is by defining it and finding out how, when and where it started. To understand what fashion promotion really is in a contemporary context I shall broadly look at how it is used and what many forms it has taken since the beginning up until the present day. To look at how fashion promotion may develop in the next five years I shall analyse and critique specific examples in more detail, such as finding out how these specific types of fashion promotions are used, by whom and for whatâ⬠¦show more contentâ⬠¦Before this, soirees took place in stores; chairs would be put out people would come and watch the shows inside the shop; this still happens today for instance Topshop will put on a catwalk of their latest collection inside their flagship store on Oxford Street. However contemporary fashion shows are as much about being seen at the event as they are about what is being shown on the catwalk. The audience wants to feel important and exclusive and the front row seats show status. There is also more press coverage now about the clothes themselves, which is the reason why designers make extreme and un-wearable clothes. Current fashion participates in an economic system that is developing very differently from its nineteenth-century origins, which pioneered the techniques of retail and advertising to promote the garment. Now the fashioned garment circulates in a contemporary economy as part of a network of signs, of which the actual garment is but one. (Bruzzi S. Church Gibson P. (eds). 2000. P.96) We need to understand the fashion industrys cyclical nature in each historical period and its technical development to see how fashion promotion has developed into the forms existing today. Changes in womens influence and power, money supply, changing tastes and interests in sports, shapes, and ongoing cultural issues and events such as terrorism andShow MoreRelatedEssay on The Role of Fashion Promotion Within the Fashion Industry1822 Words à |à 8 PagesThe Role of Fashion Promotion Within the Fashion Industry In an age where fashion and technology is constantly evolving it is important that we take a step back and take a look at the current happenings in the promotional side of the fashion industry. The fashion show,a key tool to making designers collections accessible to its consumer, will be the main focus of this essay. We shall define fashion promotion before looking at how the catwalk sits under this title. A brief history of the fashionRead MoreWhat Is the Role of Fashion Promotion Within the Fashion Industry, and How Will It Develop in the Next Five Years?1862 Words à |à 8 PagesWhat is the Role of Fashion Promotion Within the Fashion Industry, and how will it develop in the next five years? I am going to write about what the role of fashion promotion is within the fashion industry and discuss how it might develop in the next five years. To do this I shall review what fashion promotion is by defining it and finding out how, when and where it started. To understand what fashion promotion really is in a contemporary context I shall broadly look at how it is used and whatRead MoreCaroline Le Bon s Fashion Marketing Essay1402 Words à |à 6 PagesCaroline Le Bonââ¬â¢s Fashion Marketing and Harriet Posnerââ¬â¢s Marketing Fashion, defines fashion marketing and its elements. Fashion marketing and advertising is the process of analyzing, developing and marketing current fashion trends to satisfy consumer needs. Both or the readings discuss the role of marketing in the fashion industry and its differences to marketing other products. Fashion products are often trended items, temporary items based on design color, fabric and pattern. Le Bon and PosnerRead MoreAnalysis of th e Fashion Industry1301 Words à |à 6 PagesFashion is one of the worldââ¬â¢s most important creative industries. It has provided economic thought with a canonical example in theorizing about consumption and conformity. Social thinkers have long treated fashion as a window upon social class and social change. Cultural theorists have focused on fashion to reflect on symbolic meaning and social ideals. Fashion has also been seen to embody representative characteristics of modernity, and even of culture itself. Everyone wears clothing and inevitablyRead MoreSupply Map Chain Essay847 Words à |à 4 Pagesmix helps the fashion designer to control the target market. The distributor of the finished garment later determines how the product would distribute throughout the department and discount stores. The target market will help the designer to assess the success of the garment. The selection of the garments plays a volatile role in the supply chain because without the right garment/r aw materials the finished product may not result to the vision of the designer. ââ¬Å"The fashion industry is characterizedRead MoreMarketing And Advertising Of Fashion Marketing Essay1413 Words à |à 6 Pagesadvertising play a critical role in the fashion industry; they are various activities involved in building consumer relationships and stimulating consumer purchases by satisfying their needs. The primary goal of fashion marketing is evident: supplying the right merchandise, to the right customers, at the right time, in the right place. Often confused as marketing, Advertising is a subset of marketing; it is a single component of promotion in the marketing mix. The process of fashion marketing is difficultRead MoreZara Is A Modern Day Fashion Business Model960 Words à |à 4 Pagesmodern day fashion business that takes an unconventional approach in their business model. Zara is one of the largest international fashion companies which belongs to the distribution group called inditex. They sell well made relatively cheap pieces of clothing that is always cut according to the latest fashion designed. Their customers are the heart of their designs, productions, distribution and sales. Just like all fashion companies, their primary goal is to be the number one fashion retailer.Read MoreThe Marketing Strategy Of Sydney1507 Words à |à 7 PagesFirst of all, Lapse has to promote the brand initially in order to increase the visibility and awareness of the brand from 3% to 75% in 12 months. The selection of Sydney is part of the strategy to establish the brandââ¬â¢s first store in one of the main fashion market in Australia. Second, create an experimental and environmentally intelligent line of clothing and accessories to serve the needs of men in order to increase the number of people who make a purchase while shopping at the markets or browsingRead MoreFashion Promotion in 5 Years Essay1727 Words à |à 7 PagesWhat is the role of fashion promotion within the fashion industry, and how will it develop over the next 5 years? Fashion promotion is the glue that holds together everything fashion related. Its all very well having a great designer who can create stunning garments out of fabulous materials, but fashion promotion is what advertises those garments, and sells them, and puts them out there for the world to see. If there werent photographers and buyers and journalists and stylistsRead MoreDesign Ideas, Creativity And Technique1546 Words à |à 7 Pagesactivism will be easily accessible within the field of design. The vision lies in the motion and therefore a lot of design activists are enhancing their designs to a benefit the communities and improving the environment and on the other hand the designs, which are not conceptualized most of the times, lead to many social problems like homelessness or youth unemployment. Discussion Design activism becomes a hot topic from the past several years. Every fashion and variety in the world fades away
Monday, December 9, 2019
Critical Analysis on Security Concerns - Free Samples to Students
Question: Discuss about the Critical Analysis on Security Concerns. Answer: Introduction: The concept of integrity, confidentiality and availability can be considered as CIA trait, which is nothing but a model which is implemented for the purpose of guiding the information security within any form of organization. In this case it can be stated that the concept of the confidentiality is the privacy aspect I the ATM machine. The PIN number are designed for the purpose of security so that any type of authorized person do not have the access to the account of the user. Safeguarding the data from any type of intrusion can be considered one of the most vital aspects in such cases. In order to achieve the security of the data there always should be a backup plan, which can be implemented if there is any type of problem relating to fire or natural disaster management (Fernandez Alexander, 2016). The ATM machine consist of many keys, which have specific operation related to it. In this case, a thief has entered and broken some of the keys in the machine. In this case, we would be using the aspect of permutation and combination in order to get the answer. 5P4 = 5! / (5-4)! = 5! /1! = 5*4*3*2*1/ 1 =120/1 =120. Therefore, it can be stated here that total number of possibility outcome in a particular situation would be 120. On the other hand, it can be mentioned that the security aspect of the ATM does allow only three tries to every user to enter their PIN and after the third PIN the card would be blocked automatically. So taking this into consideration the number of try that the theft can make is three. This is due to the factor that after the third card he would not be able to make the next try (Farooq et al., 2015). The main reason behind the reluctant use of the biometric machine are as follows: Privacy is one of the factor, which play a vital role in this aspect. It is seen majorly that there are different type of privacy issue, which are formed in the different type of technology, which are used in daily life. If somehow the server of the biometric is breached it can result in a big problem which cannot be resolved very easily. Any kind of error may lead to false rejection. The main concept which is applied to the aspect of the biometric is that the personal detail of the person would be stored in the database ones the person tries to access it, the data from the database would be accessed. If the user were located in the database, the person would be allowed or else rejected. In some cases due to false functionality the user who have the information in the database are rejected and they cannot access Lack of accuracy can also be a problem in such type of system. The concept in such a case is the false identity. It can be seen sometimes that a person with the false identity of another person would be granted entry. This may result in different types of illegal activity. The risk factors, which are stated above, can be removed with the use of multifactor biometric management. The concept is beneficial in a way that help the actual user to be identified quite easily and help the system to make to wise decision (Choi et al., 2016) The false negative thing in the concept of the biometric is that if the system rejects the identity of a particular person. It can be a problem due to the aspect of authentication, which is applied to the concept. Depending on the incident, there can be different types of illegal activities, which are performed. In most of the cases, the people using the identity of another person usually involve in different type of unethical activities. When the biometric system is implemented in, the organizational level and it lead to problem it can shut down the overall infrastructure of the organization. Encrypted Text N T J W K H X K Corresponding numeric value 14 20 10 23 11 8 24 11 Key 2 3 4 2 3 4 2 3 Decoded from the substitution cipher 12 17 6 21 8 4 22 8 Caeser cipher shift 3 3 3 3 3 3 3 3 Decoded from the caeser cipher 9 14 3 18 5 1 19 5 Decoded Text I N C R E A S E Encrypted Text A M K Corresponding numeric value 1 13 11 Key 4 2 3 Decoded from the substitution cipher 23 11 8 Caeser cipher shift 3 3 3 Decoded from the caeser cipher 20 8 5 Decoded Text T H E Encrypted Text W W U J J Y Z T X Corresponding numeric value 23 23 21 10 10 25 26 20 24 Key 4 2 3 4 2 3 4 2 3 Decoded from the substitution cipher 19 21 18 6 8 22 22 18 21 Caeser cipher shift 3 3 3 3 3 3 3 3 3 Decoded from the caeser cipher 16 18 15 3 5 19 19 15 18 Decoded Text P R O C E S S O R Encrypted Text M W K X Z K U H E Corresponding numeric value 13 23 11 24 26 11 21 8 5 Key 4 2 3 4 2 3 4 2 3 Decoded from the substitution cipher 9 21 8 20 24 8 17 6 2 Caeser cipher shift 3 3 3 3 3 3 3 3 3 Decoded from the caeser cipher 6 18 5 17 21 5 14 3 25 Decoded Text F R E Q U E N C Y References Choi, H. S., Lee, B., Yoon, S. (2016). Biometric authentication using noisy electrocardiograms acquired by mobile sensors.IEEE Access,4, 1266-1273. Farooq, M. U., Waseem, M., Khairi, A., Mazhar, S. (2015). A critical analysis on the security concerns of internet of things (IoT).International Journal of Computer Applications,111(7). Fernandez, A., Alexander, K. M. (2016). Data Privacy and Confidentiality.iURBAN: Intelligent Urban Energy Tool, 35. Havenetidis, K., Paradisis, G. P., Karanasiou, I. S., Tsekouras, G. J. (2015). An investigation of an Artificial Neural Network method for personal identification using kinematic parameters from specific body parts.Journal of Applied Mathematics and Bioinformatics,5(3), 125. He, D., Wang, D. (2015). Robust biometrics-based authentication scheme for multiserver environment.IEEE Systems Journal,9(3), 816-823.
Sunday, December 1, 2019
The Walt Disney Company Case Study Essay Example
The Walt Disney Company Case Study Essay BUSMRH 4490 Strategic Management Case 2 The Walt Disney Company: The Entertainment King Kaitlyn Kisiday Alex Maicks Chelsea Parker Jonathan Russ Ryan Terek 1. ) Why has Disney been successful for so long? Disney has sustained prolonged success for a variety of reasons. One source of success was the way Walt and Roy Disney decided to manage the company internally when the organization was founded in 1923. Disney emphasized teamwork, communication, and cooperation in the workplace to make employees feel valued and strengthen their commitment to the company. These values remain at the core of Disneyââ¬â¢s corporate culture, and have been formally incorporated into their new-hire training program at the companyââ¬â¢s corporate university. With the use of animation, Disney can control an entire entertainment experience, unlike actors, because cartoon characters and their environment can be created and controlled by imagination. Disneyââ¬â¢s most distinct corporate skill, according to former CEO Michael Eisner, is the ability to manage that creativity. Eisner encouraged innovative ideas and was protective of the companyââ¬â¢s creative efforts even at their earliest development. Emphasis on this development allowed Disney to take advantage of opportunities in the market and often become the first mover. Disney has proved successful at determining which advantages would be sustainable and which should only be temporary. The main contributors to prolonged success have been the results of the key strategic decisions made by the organization regarding diversification. Disney has used diversification to create additional sources of revenue beyond cartoon shorts and feature films by expanding vertically into television, theatre, retail, and the internet. We will write a custom essay sample on The Walt Disney Company Case Study specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on The Walt Disney Company Case Study specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on The Walt Disney Company Case Study specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Creating divisions outside production, such as Disney Music Company, Disneyland, Disney Cruises, and DisneyQuest, created cross-promotional opportunities among Disneyââ¬â¢s products, services, and strengthened the brand itself. Disneyââ¬â¢s ability to effectively manage both vertical and horizontal integration into a wide array of business activities and projects continues to drive the companyââ¬â¢s progress and profit. 2. ) What did Michael Eisner do to rejuvenate Disney? Specifically, how did he increase net income in his first four years? Michael Eisner entered Disney as CEO in 1984, and committed his efforts to producing annual revenue growth and return on stockholder equity in excess of 20%. He also pledged to strengthen the Disney brand and protect corporate values of quality, creativity, entrepreneurship, and teamwork. Believing that ââ¬Å"managing creativityâ⬠was Disneyââ¬â¢s most unique corporate capability, Eisner was to able harness Disneyââ¬â¢s creative and innovative capabilities to maximize profits from new and existing operations. Rebuilding the strength of their television programming and films was an important part of this strategy. Disney increased its presence on network television to re-establish Disney as a producer of quality programs, and increase demand for Disneyââ¬â¢s other entertainment ventures. The Disney Sunday Movie, debuted on ABC in 1986, and was followed by the popular Golden Girls on NBC, and production of syndicated non-network shows. Disney also increased their screen presence and generated revenue by selling older programs to other networks through a newly created syndication operation. A struggling movie division produced two films, held only 4% of box office share, and generated a profit of only a $1 million 1984 [Exhibit A, page 6]. To increase film output, Eisner used the Touchstone label to compete in new segments of the film industry, predominantly comedies, without diminishing Disneyââ¬â¢s core audience. These films were produced on moderate and closely managed budgets with intent to be profitable rather than to become the next box-office juggernaut. Disney also increased the output of their animated films though investment in new technology and human capital and the decision to release these films every 12 to 18 months, versus every 4 to 5 years. After four years, the Disney film division reached an averaged output of 15 to 18 films per year, produced the highest earning film in 1988, Who Framed Roger Rabbit, and became the market leader with 19% box office share. Most impressively, income from the movie division grew from $1 million in 1984, to $34 million, $54 million, $131 million, and $186 million in each corresponding year. Income from Disney theme parks increased more than 200% during Michael Eisnerââ¬â¢s first years, from $186 million in 1984 to $565 million in 1988 [Exhibit A, page 6]. New national advertising, increased park capacity, expanded hours of operation, and increased ticket prices contributed to the short term increase, while investments in new attractions, event spaces, and hotel development would help sustain steady profits into the future. In 1984, income from consumer products totaled $54 million [Exhibit A, page 6]. The new leadership and direction of the company under Michael Eisner from that time renewed the strength of Disneyââ¬â¢s brand equity. A stronger brand supported development in the consumer products division of the ââ¬Å"retail as entertainmentâ⬠concept. The Disney Store, launched in 1987, achieved twice the average rate of sales per square foot in the retail industry. By 1988, income from consumer products totaled $134 million, increasing by more than 140% during Eisnerââ¬â¢s first years as CEO. Successful leadership by Michael Eisner at Disneyââ¬â¢s top resulted in financial success at Disneyââ¬â¢s bottom line. Disneyââ¬â¢s net income increased from $242 million in 1984 to $885 million by 1988. Over the same period of time, income growth averaged 40% each year, and Return on Equity reached 24% and 25% in 1987 and 1989, respectively. 3. Does Disney pursue vertical integration? Apply transaction cost economics to understand Disneyââ¬â¢s vertical expansion decisions. Disney pursued vertical integration in a variety of ways. Aside from cartoon shorts and animation films, Disney expanded to enter the television, internet, and theme park markets with creations such as Disneyland, DisneyQuest, and the Disney Channel. Disney saw the internet as a possible distribution channel for its film library and its sports and news programming. Disney believed that the internet would soon be where entertainment in the home consolidates. Disney also pursued forward vertical integration. Disney ended their relationship with distribution partner RKO in 1953 and created Buena Vista to save distribution costs for their animated films. Disney was able to save ? of their gross revenues due to this decision to distribution their movies themselves. Disney also further improved the bottom line by avoiding exorbitant salaries by developing the studios own pool of talent. Disney also employed forward integration through the initiation of Disney Stores. This provided Disney with a wholly owned retail outlet to distribute product through that generated sales per square foot at twice the average rate of traditional retail. Disney Stores allowed Disney total control of customer experience and brand management in that space. The EuroDisney project is an example of Disneyââ¬â¢s use of vertical disintegration. Although responsible for the design, development, and operation of the park, Disney did not have a majority ownership. Investment from outside parties limited their initial investment and share of risk. Disney chose to give up sole claim to the profits of EuroDisney in exchange for a fixed percentage of ticket sales and revenues. In many its operations, Disney employs a vertical integration strategy because it eliminates much of the transaction costs that come from working with the market, such as the possibility that the markets may fail. Creating contracts is another cost, as contracts take time and are difficult to form in a way that satisfies both parties involved, in an attempt to cover all possible contingencies. In addition, companies have their own, unique motives. When working in the market, there is always risk these other companies will work in their own favor as they come across opportunities that only benefit them. Also, Disney is very committed to holding to their values. This may create another cost in the form of conflict because they may come across differing views and cultures with other companies that do not run their business the same way. 4. ) What corporate strategy does Walt Disney employ? Identify and explain all types of diversification/integration within Disneyââ¬â¢s overall corporate strategy. Disney employs both vertical and horizontal integration as part of their corporate strategy. The Walt Disney Company pursues a highly differentiated strategy, operating primarily in five distinct segments: Theme Parks and Resorts, Consumer Products, Media Networks, Studio Entertainment, and Internet and Direct Marketing. Theme Parks and Resorts is Disneyââ¬â¢s second highest grossing segment. Included under this segment are all Disney Theme Parks, with the exclusion of EuroDisney, and all other resorts and resort activities. Sports teams, the Anaheim Mighty Ducks and the Anaheim Angels, as well as regional entertainment facilities like ESPNZone and DisneyQuest, are within this business line. Media networks, Disneyââ¬â¢s highest grossing business line, can be broken down into two subcategories: Broadcasting and Cable Networks ; International. Broadcasting consists of ABC Television and Radio Network along with associated TV and Radio stations. Cable Networks and International includes ESPN, Disney Channel, Toon Disney, and SoapNet. Various newspapers and periodicals acquired through the ABC merger also fall into this business line. Studio Entertainment is a very diverse segment including: Television, Film, Home Video, theatrical, and music production, as well as, distribution and syndicated TV. Disney has created or acquired multiple movie production companies including Walt Disney Pictures, Touchstone, and Miramax, each company producing a very distinct product with a separate target audience. A similar pattern is identifiable with Disneyââ¬â¢s various music production companies; each produces a distinct product with a distinct target market. Television production includes program development in the form of live-action, animation, and pay television services. Consumer Products consists primarily of licensing arrangements with various retailers, promoters, and publishers, where Disney allows third parties to use ââ¬Å"Walt Disneyâ⬠, Disney characters, and other intangible properties for specific purposes. Consumer Products also includes Disney Stores, Disneyââ¬â¢s direct retail outlet. Finally, Disney also produces books, magazines, and audio and computer software for entertainment and educational purposes. Internet and Direct Marketing includes all of Disneyââ¬â¢sââ¬â¢ online activities as well as the Disney catalogue. This includes entities such as the Disney catalogue, ESPN. om, Disney. com, GO. com, Etc. Aside from all the aforementioned business activities, Disney is or has been involved in many more projects and lines of business. Disney started an in-house travel company to work with travel agents and airlines to draw customers to Disney Parks and Resorts. Disney created the Disney Development Company to find the best way to utilize Disneyââ¬â¢s unused acreage. Disney also has been involved in timeshares, night clubs, theatre operations, Disney On-Ice, and the Disney Parade. 5. ) Evaluate the benefits and costs of each type of diversification. From this analysis state and justify (through quantitative analysis) whether Disney is creating or destroying value via diversification? After analysis, Disney has an obvious benefit of diversification, mainly because it allows them to expand their initial business idea into several different markets. Disney was able to take a relatable set of characters and ideas in the film industry, and not only maximize the profits from those characters in the form of amusement parks, resorts, and other entertainment facilities, but also expand their business into other markets which may seem nrelated. While the initial start-up cost and recurring operating costs of theme parks, studios, and media networks are high, they have proven to be one of Disneyââ¬â¢s highest grossing business ventures. For example, in 2000 theme parks generated $6. 803 billion in revenue and operating income of $1. 62 billion [Exhibit A, page 6]. These theme parks help create and support much of the Disney brand that p eople think of today, which is one of their strongest sources of value. In the media networks, Disney earned $9. 615 billion revenue in 2000 and produced an operating income of $2. 98 billion. The benefit of this venture is that Disney is able to spread their brand across the country by reaching cable audiences with the Disney Channel and ESPN stations, as well as local viewers, after their purchase of ABC. Once again, the costs and risk of creating a channel and buying a major television channel comes with high cost, yet Disney is still able to make a profit from this segment of their business. While the film industry had revenues of $5. 994 billion, expenses for the segment are high as they only saw an operating income of $110 million. This is one of Disneyââ¬â¢s original lines of business, but it appears Disney has peaked in this segment. Even though profits arenââ¬â¢t as high as other segments of their business, the benefits of this segment still outweigh their costs. Additionally, due to the relatively cheap cost of consumer products line, in 2000 Disney was able to record an operating income of $455 million and with revenues of $2. 622 billion. Disney benefits by selling products related to their highly desired brand, and for a relatively low cost. Unfortunately for Disney, their internet and direct marketing line saw an operating loss of ($402) during 2000, the fourth consecutive loss for this segment. Disney once again tried to carry success over from their well established brand into a new segment. However, the costs and demands of owning and running an internet and direct marketing line appear to be outside of Disneyââ¬â¢s core competencies. Even though they may have foresight to predict the importance of e-commerce in retail, Disney has yet to make a profit of this segment. Further supporting the benefits of Disneyââ¬â¢s diversification is Disneyââ¬â¢s Index on the S;P 500, having reached over 1,000 for the last three years of data provided (1998-2000. ) These marks were the highest Disney has ever reached in this Index, according to the data provided, and achieved at the height of Disneyââ¬â¢s diversification. This upholds the position that Disney does produce value through its diversification into many different business ventures. 6. ) Which expansion modes have Disney utilized to implement its corporate strategy? Use facts from the case to identify the benefits and costs of each expansion mode. Disney has pursued three primary forms of expansion: Vertical expansion, Horizontal expansion, and Geographic expansion. Vertical and Horizontal expansion refer to Disneyââ¬â¢s various product and business lines, and geographic expansion refers to Disneyââ¬â¢s physical presence. Disney owns or has licensed parks on three different continents. By expanding geographically, Disney has become one of the most recognized brands in the world, in large part due to their physical presence. By having operations in multiple counties in several parts of the world, Disney is able to gain expertise and knowledge that can help it more closely connect it to its target market. Creating new parks, resorts, or other entertainment facilities carries huge initial start-up costs and recurring fixed costs. It also adds numerous employees and operations that can become difficult to manage efficiently. Expanding horizontally allows firms to take advantage of economies of scale by lowering the average cost per unit by spreading fixed costs over greater production. Another key advantage is the potential to gain new distribution channels. Following the ABC merger, Disney gained over 20 radio stations and many print media outlets. Seemingly, the primary motivation for Disney to integrate horizontally appears to be for economies of scope. Economies of scope is the utilization of a wider array of available resources to new create synergies. After Disney merged with ABC, they were able to utilize economies of scope through cross-promotion. They could advertise and tie-in Disney products on the acquired ABC media outlets and vice versa. Another advantage of vertical integration, made obvious through the merger with ABC, is the gain in market share. Though not stated explicitly, itââ¬â¢s not difficult to image that Disney may have gained substantial power in negotiations with cable and satellite television providers after merging with ABC. A major cost of horizontal integration comes from a new, bloated company. Departments become redundant across the organization, and the company becomes inefficient. Acquisitions like this also are accompanied by months and months of paperwork that ultimately distracts from the companyââ¬â¢s primary operations. Disney and ABC were forced to mesh together two distinct corporate cultures. This can irritate and de-motivate employees, ultimately causing further inefficiency. Vertical expansion can create better coordination within the supply chain. When Disney created its own distribution company, Buena Vista, they were able to directly control all operations involved in the distribution of their media, eliminating the potential costs of negotiations and hold-ups. Another benefit captured by creating Buena Vista was the ability to capture downstream profit margin. Vertical expansion could eventually lead to Disney gaining more core competencies. Achieving lower unit cost, better coordination, and increase in core competencies create higher entry barriers for potential competitors. Vertical integration can also cause a firm to become too large and complex to efficiently manage. Owning and operating completely different businessââ¬â¢ under the same corporation requires expertise in many different areas be successful, which can be a substantial cost. Exhibit AThe Walt Disney Company Financial Data, 1983 ââ¬â 2000 ($ millions)
Tuesday, November 26, 2019
Obesity Development or Treatment
Sugar and Its Role in Overweight/Obesity Development or Treatment High Fructose Corn Syrup Researchers present different visions in relation to the dependence of the issue of obesity on the consumption of high fructose corn syrup. Stanhope discusses the relationship of the metabolic syndrome and consumption of fructose. It is found that increases in the consumption of high fructose corn syrup can provoke the dyslipidemia and decrease insulin sensitivity (Stanhope, 2012).Advertising We will write a custom essay sample on Sugar and Its Role in Overweight/Obesity Development or Treatment specifically for you for only $16.05 $11/page Learn More Moreover, high fructose corn syrup is absorbed by the organism differently in comparison with the other types of sugar. That is why, the function of the metabolic regulating hormones can be influenced significantly. As a result, the appetite-control centers are affected, and the personââ¬â¢s appetite can increase, provoking the further consumption of calories and causing obesity with references to the body mass index and blood pressure (Lin et al., 2012). However, there is the lack of research in the field to state this or that point of view clearly. The discussion of the most controversial points can be supported with references to the investigation conducted by Lowndes and the group of researchers. Thus, according to the research findings, hypocaloric diets containing high fructose corn syrup can contribute to the decreases in weight of the obese individuals (Lowndes et al., 2012). From this point, high fructose corn syrup cannot be discussed as the direct cause for the epidemics of obesity in the United States as it is proclaimed by different scientists. However, all the effects of high fructose corn syrup on the human body and the development of obesity are not studied completely, and it is important to pay attention to such products containing high fructose corn syrup as soda, juice drinks, candies, and yogurts. Sorbitol To avoid obesity and control the we ight, sorbitol is used in sugar-free products. Thus, sorbitol is the component of such sugar-free products as syrups, cakes, pancakes, cookies, candies, and chocolate.Advertising Looking for essay on health medicine? Let's see if we can help you! Get your first paper with 15% OFF Learn More These sugar-free products can help people control their daily rates of calorie consumption because of the particular features of the sorbitol absorption by the human organism. Sorbitol is not absorbed properly, and it does not raise the blood pressure. However, the problem is in the fact that while being used in the reduced-calorie diets, sorbitol can cause such gastroenterology problems as meteorism and diarrhea (Stavniichuk et al., 2012). Nevertheless, the researchers are inclined to agree that the reduced-calorie diets based on the usage of sorbitol can be effective in overcoming the problems with obesity (Fernandez-Banares, Esteve, and Viver, 2009). Though, the proble m is also in the associated gastrointestinal symptoms. The connection of sorbitol malabsorption with gastrointestinal symptoms is obvious and the sorbitol-reduced diet can help in resolving the problem (Fernandez-Banares, Esteve, and Viver, 2009). Nevertheless, it is also important to explore the connection between the usage of sorbitol, calorie rates, gastrointestinal symptoms, and overweight in order to state clearly that sorbitol can be effective in diets to prevent obesity because of its malabsorption. Causing gastrointestinal symptoms, sorbitol can also affect the development of the other problems associated with gastroenterology which can influence the process of the absorption of different productsââ¬â¢ components (Ledochowski et al., 20000. Thus, the problem is in the lack of the research on causes of the obesity epidemics, and sorbitol cannot be discussed as the sweetener which helps overcome the problem of obesity without harming the human health. References Fernandez-B anares, F., Esteve, M., and Viver, J. (2009). Fructose-sorbitol malabsorption. Current Gastroenterology Reports, 11(5), 368-374. Ledochowski, M., Widner, B., Bair, H., Probst, T., and Fuchs, D. (2000). Fructose- and sorbitol-reduced diet improves mood and gastrointestinal disturbances in fructose malabsorbers. Scandinavian Journal of Gastroenterology, 35(10), 1048-1052.Advertising We will write a custom essay sample on Sugar and Its Role in Overweight/Obesity Development or Treatment specifically for you for only $16.05 $11/page Learn More Lin, W., Huang, M., Chan, T., Ciou, S., and Lee, C. (2012). Effects on uric acid, body mass index and blood pressure in adolescents of consuming beverages sweetened with high-fructose corn syrup. International Journal of Obesity, 14(8), 19-28. Lowndes, J., Kawiecki, D., Pardo, S., Nguyen, V., Melanson, K., and Rippe, J. (2012). The effects of four hypocaloric diets containing different levels of sucrose or high fructose c orn syrup on weight loss and related parameters. Nutrition Journal, 11(55), 2-10. Stanhope, K. (2012). Role of fructose-containing sugars in the epidemics of obesity and metabolic syndrome. Annual Review of Medicine, 63(8), 329-343. Stavniichuk, R., Shevalve, H., Hirooka, H., Nadler, J., and Obrosova, I. (2012). Interplay of sorbitol pathway of glucose metabolism, 12/15-lipoxygenase, and mitogen-activated protein kinases in the pathogenesis of diabetic peripheral neuropathy. Biochemical Pharmacology, 83(7), 932-940.
Saturday, November 23, 2019
Writing with Rhythm
Writing with Rhythm Writing with Rhythm Writing with Rhythm By Guest Author This is a guest post by Hugh Ashton. If you want to write for Daily Writing Tips check the guidelines here. When I was substantially younger than I am now, I wrote masses of anguished adolescent poetry. My favorite verse form was the sonnet, a style and format that is maybe little surprising for a teenager to be writing. For those who slept through this part of their English course, a sonnet is a formal 14-line poem with a complex rhyme scheme in iambic pentameter. I no longer indulge in such musings, but I learned many tricks and techniques from writing my sonnets and other poems. First and foremost, writing poetry, especially formal poetry, tells you a good deal about the internal rhythms of the English language. Most of the spoken English language moves to a fundamental iambic rhythm: di-DUM di-DUM di-DUM. Put five of these together and you have a line of blank verse: Now is the winter of our discontent Or Is this the face that launched a thousand ships? Or The stars move still, time runs, the clock will strike, The devil will come, and Faustus must be damnd. In the second line of the last quotation, note how Marlowe breaks the rhythm slightly for emphasis (if you dont slur the word devil into one syllable, that is), and then reverts to the set rhythm for the second half of the line. You dont have to write in this formal style, of course, but you should make yourself aware of the internal stresses in English prose, and how they carry readers through your writing. Until relatively recently (a few hundred years ago), all reading was done out loud everyone read by vocalising the written words. When these rules of internal rhythm are broken, as in this quotation from a camera manual, the result is clotted prose prose which does not flow: Depth of field is the area of acceptable sharpness in front of and behind the subject in focus. The larger the F-number used (from F2.8 to F22), the deeper the depth of field. On the contrary, the smaller the F-number (from F22 to F2.8), the shallower this zone of acceptable sharpness. Its not bad English its free of jargon but its not good either. Another reason why these sentences do not flow is the lack of macro rhythm,the pauses for comprehension (and breath!) in the middle of a sentence. For another example, take this sentence from a recent Pentagon report: There is a crisis of confidence among Afghans in both their government and the international community that both undermines our credibility and emboldens the insurgents. If you read this out loud, its all got to be done in one breath. Theres no pattern to the sentence. By the time youve got to the end, you forget what the beginning was like. Heres a suggested rewriting: The Afghan people are experiencing a crisis of confidence in both their own government and the international community, and this is undermining our credibility, as well as emboldening the insurgents. Not perfect Id probably split this sentence into two but the sentence now has a beginning, a middle, and an end. Note how there is also an implied contrast between the Afghan people and the insurgents in my version that is somewhat lacking in the Pentagon original. Returning to my youthful bad poetry (and here is an example of super-macro rhythm in a piece of writing the thematic tie-up between the start of a piece and the end), the other major thing I learned from writing formal verse was to use a mental thesaurus, and not to be afraid to change the order of my words. I say a mental thesaurus, because a paper thesaurus can be too restrictive; wandering around the canyons of your mind can produce some interesting twists and turns that would never be explored using a printed page. Its all too easy to write bad ungrammatical verse: As on my bed I toss and turn Remembering things I tried to learn But relatively easy to recast these lines into something more grammatical and natural: Im lying wide-eyed in my bed While half-learned facts race round my head By forcing the grammar to be natural, I have also forced myself to think of different words and thereby avoid clichà ©s and hackneyed phrases. It works for prose too. Try to read your work out loud before you submit it. Does it work as a live reading? Does the language flow? Do the sentences hang together? Does the piece have thematic coherency? In other words, have you got rhythm? Hugh Ashton is a writer and journalist who has lived in Japan for the past 21 years. As a copywriter and rewriter of translated material, he has become increasingly pernickety and critical of his own writing and that of others. His latest published work is an alternate history novel, Beneath Gray Skies, which is available from Amazon, etc. Details of the book may be found at beneathgrayskies.com. Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Writing Basics category, check our popular posts, or choose a related post below:50 Synonyms for ââ¬Å"Leaderâ⬠8 Types of Parenthetical PhrasesCapitalizing Titles of People and Groups
Thursday, November 21, 2019
Effects of the media, tv advertising and commercials to individuals, Essay
Effects of the media, tv advertising and commercials to individuals, families and to society - Essay Example All advertised images of men and women are full of perfectly shaped bodies, drooled over by the lesser fortunate mortals. The average viewer watches 400 to 600 advertisements every day and this enormous amount of messaging can create a permanent mindset. Fatty foods are shown with awfully thin bodies triggering off a confused and strange eating tendency among the really younger sets. Acceptance of violence, almost expecting it, is another tendency that is unhappily growing among viewers. Children are becoming more and more bloodthirsty. Recent media story about a TV game where the little viewer had to blow up President Kennedy's head was an ultimate example of the horrifying intellectual bankruptcy. Children know all names in the TV game world, but cannot recognize the next-door kid, as they hardly play in the open. Perhaps a positive and encouraging, almost ethical approach is necessary for TV to make the right impact on viewers. Same goes for the beauty and beauty products. Beauty has been given so much importance that there is hardly any scope for mental development or intellectual improvement. One cannot find a single advertisement where it is told that mental enhancement or intellectual growth is necessary for a perfect human being. As commercials glorify trivia, the younger generation is getting hooked into it like being addicted to drugs, hoping to achieve unrealistic standards of body measurement and beauty. "This constant exposure to female-oriented advertisements may influence girls to become self-conscious about their bodies and to obsess over their physical appearance as a measure of their worth." http://www.mediascope.org/pubs/ibriefs/bia.htm Some people even... This "Effects of the media, tv advertising and commercials to individuals, families and to society" essay outlines the impact of the advertisement on consumers behavior and people overall. Some people even believe that advertisers tamper with the imaged figures, so that they could look almost impossibly true, only to create more desire among the viewers, which is perhaps probable. Reports from psychiatrists and psychologists show very bleak picture of their effects on people. Girls are known to complain that very thin models made them feel insecure and unhappy. Constant self-comparison with the dizzy heights of perfection is making viewers feel perpetually inadequate, mainly because advertisers do not allow viewers to forget the images. They force it upon them continuously till they become dissatisfied psychological wrecks. Horror of getting fat is driving the TV hooked into distraction. Stringent dieting can end in serious eating disorders that could be long lasting. Considerable nu mber of younger people has started smoking to control the healthy hunger. Males spend most of their time in the gyms trying to look more muscular. This pursuit sometimes ends up in taking unprescribed drugs and steroids, as men tend to develop pathological shame about their normal bodies. Average American girl is said to be watching 5000 hours of television and 80,000 ads even before she starts the kindergarten. Before their self esteem starts taking shape, it is already shaken with the bombardment of TV commercials.
Tuesday, November 19, 2019
Discuss how they establish ethos in their writing Essay
Discuss how they establish ethos in their writing - Essay Example Robert Kennedy came from a long line of Kennedys who were well thought of and established in the world. Robert had a background in politics stemming from an appointment as a United States Attorney General to a nominee for the president of the United States. Most people will recognize him as a Senator who was assassinated before he was able to make his bid for president. He grew up in what was called a "competitive" family that was very close. (Robert F. Kennedy "Biography"). He was known for battling injustice and organizing people to do move forward on a variety if issues including the Vietnam War, organized crime, and he worked closely to help black Americans find a peaceful place in the world. He was also known for his ability to talk to people without barriers. When Martin Luther King died it was Kennedy that was able to hold people together. Both John Kennedy and Robert Kennedy were proponents of civil rights and they worked well within many communities, particularly with blacks and other disenfranchised persons (Robert F. Kennedy "Biography"). This is the information that creates ethos for Robert Kennedy and what lead to his speech in front of a mostly black crowd in Indianapolis. He was well respected by most people in the black community and this was one of the reasons that he was one of the only white men who could have addressed the crowd that day. He was also qualified to speak about Martin Luther King because he believed in what Martin stood for and had been actively helping with civil rights. Kennedy was a strong orator and he understood what to say to people to get them to do what he was asking. On that night, he also used his compassion and his emotions to give people what they needed in order to move them forward. Another reason this worked for him was because his speech was very much like a speech that Dr. King would have made: Kennedy had already established himself as a writer, orator and statesman so he was already established as an
Sunday, November 17, 2019
How would a Scholarship Assist Me After Graduation Essay Example for Free
How would a Scholarship Assist Me After Graduation Essay In my findings, it is not just enough to have enrichment of goal, fervency of passion and the keeping of focus, there is the place of vital impact played by pecuniary support from guardian(s) to actualize the desire. I strongly believe many brave and highly intelligent ones have been choked out of their academic dream in life after graduation. Statistical findings have unarguably revealed that financial incapability in one of the factors responsible for thwarted vision in academic excellence. I am very proud to note however, that our school is making part of her contributions in easing studentsââ¬â¢ financial burden as a responsible institution in the society. The scholarship is a gesture I really appreciate whole heartedly. I do forward this scholarship application to passionately appeal for my consideration in the grant in order to survive hardship in my future pursuit of academic excellence. See more: how to write a college scholarship essay format Being a promising member from a home with single mother who had lost his father as early as age five, I have only being struggling with ways out of incessant hopelessness, deprivation and unavoidable emotional abuse. I have labored assiduously with my parent to make both ends meet; during summer, I work at Boys and Girls Club to save some fund for school and trying hard to work-out element of laziness from exacerbating the poverty. Sooner after my graduation with me and my two other sisters in studying in college, the financial stress for our mother would climax. The cost of education even in a low grade school with the cheapest environment is overwhelming despite how hard I try to save. My two sisters also need optimum care to cater for their more demanding feminine nature. So huge are my worries despite the strong zeal to pursue academic excellence which I currently demonstrate in school for being among the top 10%. With the hope of scholarship aid, I look forward to a redemptive future from excellence incapacitation. In the college, the scholarship will assist to continual keep focus and meet up the grant expectation.
Thursday, November 14, 2019
Midlife Crisis: Myth? :: essays research papers fc
Midlife Crisis: Myth? Imagine being forty or fifty and asking yourself questions like: What have I done all of my life? Why am I sitting behind a desk? And what am I doing driving a 1994 Grand Am, when I could be driving a BMW z3? Then you come home and your partner says, "Honey, I set up and appointment for you to see Dr. Sherwood." and you reply "What for?" Going through some a midlife transaction is common in men. From having symptoms, then coping with it, and getting professional help. In movies like: "Father of the Bride IIâ⬠and "American Beauty" going through a midlife crisis is glamorized, although in real life it is very painful and not as fun and not near as funny. But is it all a myth, a made up story? Piotr Oles defines, ââ¬Å"The midlife crisis asâ⬠¦significant change in the self and â⬠¦men entering middle age. William Pollack, Ph.D., a psychologist at Harvard Medical School and co-director of the Center for Men at McLean Hospital in Belmont, Massachusetts, states that ââ¬Å"All men go through a midlife transitionâ⬠¦but only some go through a midlife crisisâ⬠(Oââ¬â¢Connor). Symptoms usually occur in men between the ages of 40 and 50. After all the children have grown up and left the house to pursue their own live, men feel like they are left behind (Oââ¬â¢Connor). Now it is only he and his wife, with feelings that their child may soon be taking care of them. Then it becomes common to wake up in the middle of the night and wonder to yourself, ââ¬Å"Is there any more to life than thisâ⬠(Adler). Toni Bernay, Ph.D., a Beverly Hills, psychologist concluded: The things that had kept them working and kept the passion going are coming to and end. Their spouses donââ¬â¢t seem as interesting to them as they once did, and theyââ¬â¢re facing years where all there is going to be is him and her (Adler). A story in ââ¬Å"Geriatricsâ⬠talked about one manââ¬â¢s experiences with midlife crisis and how he, ââ¬Å"gained recent notoriety in the local newspaper when he was arrested for driving under the influence and lost his licenseâ⬠(Samuels). Drinking is another symptom of a midlife crisis or how Gail H. Oââ¬â¢Connor put it, ââ¬Å"You become a happy-hour regularâ⬠. According to Steven Samuels, ââ¬Å"About one in eight older adults have a problem related to alcohol abuse.
Tuesday, November 12, 2019
Working Capital Analysis
CHAPTER-I INTRODUCTION 1. 1 Back ground of Study Working Capital refers to that part of the firmââ¬â¢s capital, which is required for financing short-term or current assets such a cash marketable securities, debtors and inventories. Funds thus, invested in current assets keep revolving fast and are constantly converted into cash and this cash flow out again in exchange for other current assets. Working Capital is also known as revolving or circulating capital or short-term capital. Therefore, working capital management is the same of liquidity management and its relate inversely with profitability.It is significance for any industries due to the investment in Current Assets (CA) must be adequate because inadequate or excessive inadequate working capital can disturb production and can also threaten the solvency of firm, if it fails to meet its current obligation excessive investment in CA should be avoided, since it impairs firm's profitability Secondly, need for working capital ar ises due to increasing level of business activity ; it is to provided quickly some time surplus fund may arises which should be invested in Short term securities , they should not be kept idle.The importance of Working capital management compelled to the firms to try the optimal level of investment in each element such as inventories, cash, account receivables but the firm also consider to way of financing the current assets. This means, consideration of current liabilities which include account payables, notes payable, interest payable and other shot-term debt.In addition, the firm can adopt an aggressive working capital management policy with a low level of current assets as a percentage of total assets, or it may also be used for the financing decisions of the firm in the form of high level of current liabilities as a percentage of total liabilities(Nazir and Afza,2009), and it is the opposite in conservative working capital management policy. On the other hand, it should be dist inguished between three policies that related directly with the working capital efficiency.First policy is collection policy, that measured by average receivables collection period (ARCP) which is meaning the average length of time required to convert the firm receivables into cash. Second policy is inventory policy, which expressed by average conversion inventory period (ACI). It means the average length of time required to convert raw materials into finished goods and then sell these goods.Third policy of working capital efficiency is payment policy, which measured by average payment period (APP) that means the length time between the purchase of materials and the payment of cash (Weston and Brigham,1993). These policies require from company to accelerate the collections of receivables, accelerate its inventory, accelerate the payment cycle, and reduce the cost of the working capital needs.Above mentioned policies can be merged them in one general policy, is called cash conversion cycle (CCC) developed by Richards and Laughlin(1980) which focuses on the length of time between when the firm makes payments and when it receives cash inflow. To fulfill the one of the most important goal of organization to maximization of share holderââ¬â¢s wealth of a firm is possible only when there is sufficient return from the operations and successful sales activity is necessary for earning profit sales without convert into cash immediately.To generate the sales and revenue activities there will be the s invisible time lap between the sale of good and receipt of cash. Hence, the time taken to convert raw material into cash is known as operating cycle that includes following activities in different phase. At first phase: * Conversion of cash into raw material * Conversion of raw material into work in progress * Conversion of Work in progress into finished goods * Conversion of finished goods into Sales ( Debtors and cash) At second Phase: Cash received and at third phase i s payment of credit.A low cash conversion cycle allows the managers to minimize holdings of relative unproductive assets such as cash and marketable securities, preserves the firmââ¬â¢s debt capacity since less short-term borrowing is required to provide liquidity and corresponds to a higher present value of net cash flows from firms assets Moreover, the cash conversion cycle is an important technique of analysis for the financial mangers of firm to assess why and when the firm needs more cash to sustain its activities. I am going to comparative study of Surya Nepal Private Limited (SNPL) is an Indo-Nepal-UK joint enture, which started operations in Nepal in 1986. SNPL, a subsidiary of ITC Ltd, India, is the largest private sector enterprise in Nepal. The balance shares are held by dispersed Nepalese shareholders and British American Tobacco, UK. Surya Nepal's businesses include manufacture and marketing of cigarettes and readymade garments in Nepal as well as exports of ready-ma de garments with a total turnover of over US $100 million. Secondly, The guiding force behind Dabur's growth and success has been the wealth of nature and its limitless capacity to support life.And we have constantly taken care to preserve and protect this natural bounty. With this overall vision of and to eco-sustenance, expand Dabur's resource and production base, Dabur Nepal Private Limited was set up as an independent Group company in 1992. This new company, set amidst the verdant greens and towering mountains of the Himalayan kingdom of Nepal, has established a unique bond of technology and preservation. 1. 2 Problem of Statement The management of a company's working capital significantly influences its profitability. In the short term, companies risk being short on liquidity if the working capital level deteriorates.In the long term, too much working capital lowers the return on investment and reduces the value of the company. In contrast, a reduction of the working capital ca n significantly improve cash flows and free up capital from a company's balance sheet. This capital can then be used to reduce debts, pay dividends to investors or reinvest in company growth. In the context of Nepal there is not practically implementation of working capital management technique that can brings the liquidity problem in short term and solvency problem in long term due to loss on business.This can be the one most important reason for the lower growth rate of manufacturing firm. I want to gain insight into this field and to identify potential areas for optimization of working capital management for the profitability on the Nepalese manufacturing firm. Performance of firm on the topic of working capital management is very essential to reach the optimum level of working capital then to enhance their profitability. But these elements can be affected by Nature of business, seasonality of operations, production policy, market condition, and political scenario.Therefore, I ha ve done this investigation to know the answer of following question. a. What are the factors of working capital for Nepalese manufacturing firm? b. How can working capital affects the performance to enhance profitability of firms? c. How is the performance of firm to achieve the optimal working capital in order to maximize the profitability? 1. 3 Objective of the Study The main objective of the research is to measure the impact of working capital management on the profitability for Nepalese manufacturing firm. The specific objectives of the study are summarizing as following. a.To analyze the relationship between working capital management and profitability for manufacturing firm. b. To determine the relationship between size of firm and the profitability c. To Know the relationship between leverage and profitability. 1. 4 Limitation of the Study This study is intended to measure the impact of working capital management on profitability of Nepalese manufacturing firm but the study a lso influences from the following limitation. a. There isn't financial sponsor for the depth study. b. Due to the time constraints it is not possible to analyze the each variable in details. c.In depth analysis and the study of financial position is not feasible because of the policy and privacy of firm. d. The information is assuming true that is taken from different source. CHAPTER-II LITERATURE REVIEW 2. 1 Literature Review According to Wilner (2000) most firms extensively use trade credit despite its apparent greater cost, and trade credit interest rates commonly exceed 18 percent and Deloof (2003) also found that according to National Bank statistics during 1997, Belgian companies had accounts payable of only 13% of the total asset and accounts receivable and Inventory of 17% and 10% of the total asset respectively.Singh and Pandey (2008) discussed the impact of working capital management in the profitability of Hindalco Industries Limited. Regression results showed that curren t ratio, liquid ratio, receivable turnover ratio and working capital to total assets had statically significant impact on profitability. Dong and Su (2010) examined the relationship between profitability, the cash onversion cycle and its component for listed firms in Vietnam stock market for period (2006-2008). They resulted that there is strong negative relationship between cash conversion cycle and the profitability.Cote and Latham (1999, p. 261) argued that management of receivables, inventory and accounts payable have tremendous impact on cash flows, which in turn affect the profitability of firms. According to Long, Malitz and Ravid (1993) it is seen that liberal credit terms to the customers increase the sales level of the firm, though having a continuous troubleshooting with managing short term financing in the finance department. The decision lays with the firm which one to put more importance on. Scherr (1989, p. 6) claimed that companies can strengthen strong cash flow lev els, improve profitability, budgeting and forecasting process, predictability and manageability of results, heighten risk if they implement the best practices in working capital. Amit, Sur and Rakshit (2005) studied the relationship between working capital and profitability in the context of Indian pharmaceutical industries and concluded that no definite relationship can be established between profitability and liquidity. Cote and Latham (1999, p. 61) argued that management of receivables, inventory and accounts payable have tremendous impact on cash flows, which in turn affect the profitability of firms. Scherr (1989, p. 16) claimed that companies can strengthen strong cash flow levels, improve profitability, budgeting and forecasting process, predictability and manageability of results, heighten risk if they implement the best practices in working capital. Eljelly(2004) identified the relation between profitability and liquidity who was examined, as measured by current ratio and c ash gap (cash conversion cycle) on a sample of joint stock firms in Saudi Arabia.The study found that the cash conversion cycle was of more importance as a measure of liquidity than the current ratio that affects profitability. The size variable was found to have significant effect on profitability at the industry level. The results were stable and had important implications for liquidity management in various Saudi firms. First, it was clear that there was a negative relationship between profitability and liquidity indicators such as current ratio and cash gap in the Saudi sample examined. Second, the study also revealed that there was great variation among industries with respect to the significant measure of liquidity.Sur Biswas and Ganguly (2001) revealed in their study of Indian aluminium producing industry, a very significant positive association between liquidity and profitability. All previous studies had reached to the same results approximately, which had proved there is t he negative relationship between the working capital, debt ratio, current ratio and profitability, and the positive relationship between size of the firm with profitability. This study tries to depend on previous studies to provide new evidence on how working capital can effect on the profitability. . 2 Research Frame Work Model ROA Leverage Performance Working Capital Efficiency Profitability of the Firm Size of Firm Current Liabilities Current Assets Organization Planning Growth of business Ln of Sales Debt ratio Liquidity ratio: CR All the components such as Working Capital, Profitability and Size of the firms, Liquidity, and Leverage performance are interrelated to each other. The working capital affects the profitability of the firm. Similarly size, leverage, and liquidity affect the working capital requirement and profitability of the firm.If there is low in current assets then it canââ¬â¢t pay the short term obligation and if firms keep in high ratio then investment opport unity will lose that decreases the value of profitability elements such as ROE and ROA. Secondly, if there is high concentration on sales by keeping low liquid assets then profit can increase and it helps to increase the growth rate of company and fulfill the objective of shareholderââ¬â¢s wealth maximization and ease for the competition but low liquid assets can creates the risk of liquidity. Therefore, all components of above mentioned are interrelated positively and negatively.After analyzing the financial ratio BOD, manager can formulate the policy for sustainable business as well as investors will take best decision for the investment. This study has been guided according to the above variables and discussed the variables relation after studied of two firms in detail in the below. Hence, this study will benefit for the best decision of working capital requirement to manage the profitability, leverage in long term and to growth the firm in stable rate. CHAPTER-III DATA COLLEC TION AND METHODOLOGY 3. 1 Research Data CollectionThe data has taken from the secondary source regarding to the official site of Surya Nepal Pvt. Ltd and Dabur Nepal Pvt Ltd. Secondary data is assumed as an enough and reliable. Sample of this study has been focused on the joint venture Nepalese manufacturing firms. These two firms have chosen as a sample company due to big market in Nepal. To fulfill the objective of research, report is prepared by taking a financial data of two sample companies from 2006 to 2011. 3. 2 Definition of variable I have used of dependent and independent variables to complete the study are as below.Dependent variables include profitability measure which will be computed by the following equation: Return on Assets (ROA)=Net Operating IncomeTotal Assets Secondly, independent variables have been divided in two parts. First part includes working capital management variables. â⬠¢ Average receivable collections period (ARCP) are used to express the credit p olicy. It is calculated by using following equation: Average receivable collections period (ARCP)=Account Receivables *365/Sales â⬠¢ Average conversion inventory period (ACIP), which is expressed the inventory policy.It will be identified by following formula: Average conversion inventory period (ACIP)= Inventory *365/Cost of Sales â⬠¢ Average payment period (APP) is used to reflect the payment policy it is measured measured by following equation: Average payment period (APP) =Accounts Payables *365/Cost of Sales â⬠¢ Cash conversion cycle (CCC) is used to express the overall impact on working capital efficiency, and that is calculated by using following equation. Cash Conversion Cycle (CCC)=ARCP+ACIP-APP At the second phase of independent variables has been included as below. â⬠¢ Size of the company = Natural of logarithm of sales (LNS). Current ratio (CR) = Current assets/Current Liabilities. â⬠¢ Financial leverage ratio (FL) = Total Liabilities / Total Assets. 3. 3 Empirical Analysis This section contains the descriptive analysis by taking the help of mean, standard deviation, maximum and minimum value of all variables that is used in study. Similary, on the second phase of analysis here has been explained the relationship between the variables by using correlation coefficient. Moreover, regression model has been used to quantify the relation between variable and to measure the accuracy of this report.Multiple regression models have used to complete the regression analysis. All types of analysis and graphical representation will be expressed by using the MS office package 2007. For this study I have used 4 regression models to quantify the relation and model is as below. 1. ROA= a+b1ARCP+b2CR+b3FL+b4LNS (model -1) 2. ROA= a+b1ACIP+b2CR+b3FL+b4LNS (model-2) 3. ROA= a+b1APP+b2CR+b3FL+b4LNS (model-3) 4. ROA= a+b1CCC+b2CR+b3FL+b4LNS (model-3) CHAPTER-IV DATA ANALYSIS AND PRESENTATION 5. 1. Empirical Analysis and Findings 4. 1. 1Descriptive An alysis: Dabur Nepal Pvt. Ltd (Table 1) | ROA| ARCP| ACIP| APP| CCC| CR| FL| Lns| à | à | à | à | à | à | à | à | Mean| 0. 034| 35. 67| 75. 12| 42. 35| 68. 44| 2. 00| 0. 248| 21. 73| Standard Deviation| 0. 028| 19. 74| 31. 74| 35. 27| 39. 24| 0. 676| 0. 055| 0. 346| Minimum| 0. 001| 4. 13| 17. 37| 8. 33| 6. 30| 1. 52| 0. 207| 21. 39| Maximum| 0. 084| 55. 23| 111. 78| 93. 46| 120. 94| 3. 19| 0. 351| 22. 38| Count| 6| 6| 6| 6| 6| 6| 6| 6| According to the above table, ROA on average is 34% and ROA existed between 0. 1 % to 0. 84%. The average receivables collection period has 5 days (approximately) as minimum to collect its receivables from the purchasers but it takes 55. 23 days as maximum to collect its receivable.The average days of generating its sales on account about 35. 67 days. In addition, the average conversion inventory period (ACIP) takes about 17. 37 days to sell all its inventory as minimum and takes 111. 78 days as maximum. The mean days to sell the inven tories are 75. 12 days with standard deviation of 31. 74 days. About the APP, the firm has a minimum time 8. 33 days to pay its purchases on account and 93. 46 days as a maximum time. It takes an average 42. 35 days to pay its purchase with standard deviation of 35. 27. The cash conversion cycle (CCC) has 6. 30 days as a minimum time and maximum is 120. 94 days.The minimum current ratio (CR ) of the firm is 1. 52 and maximum is 3. 19 with the standard deviation of 0. 55%. The Natural Logarithm of size (LNS) shows minimum sales is 21. 39 and maximum is 22. 38 with the average of 21. 73. About the financial leverage is 20% as minimum and maximum is 35% with the standard deviation of 0. 55%. Surya Nepal PVT. LTD (Table 2) | ROA| ARCP| ACIP| APP| CCC| CR| FL| LNS| | à | à | à | à | à | à | à | à | Mean| 0. 287| 5. 11| 191. 55| 63. 45| 133. 21| 1. 72| 0. 424| 22. 82| Standard Deviation| 0. 086| 2. 90| 21. 84| 5. 88| 19. 96| 0. 678| 0. 152| 0. 339| Minimum| 0. 178| 2. 54| 170. 51| 57. 0| 110. 72| 1. 06| 0. 255| 22. 42| Maximum| 0. 389| 9. 86| 232. 04| 73. 16| 167. 62| 2. 44| 0. 594| 23. 31| Count| 6| 6| 6| 6| 6| 6| 6| 6| an average return on assets(ROA) is just 28% which is lower than Dabur Nepal Ltd. But the minimum and maximum value of ROA exists between 17 % to 38 % and less variability comparison with Dabur Nepal Ltd. The Average receivable collection period (ARCP) is 5. 11 days approximately and lower than Dabur. Thus, collection capacity of dabur is very strong. similarly, ACIP of Surya Nepal exist between 170. 51 days to 232. 04 days. About the average CCC of Surya Nepal is 133. 1 days which is higher than Dabur Nepal. Therefore, we can say that, cash inflow days in the Dabur Company are quicker than Surya Nepal. Moreover, an average 42% portion is existed under the total assets of the Surya firm that is higher than Dabur Company. It means, Surya Nepal takes more loans for the business. About the average size of Surya Nepal is 22. 82 that is h igher than Dabur. Graph: 1 source Table 1 and 2 Let summarize the above result: a. ROA of Surya Nepal is higher that tends to the meaning of; profitability volume is good rather than Dabur Nepal Pvt. Ltd. b. Credit collection capacity is stronger of Surya Nepal Pvt.Ltd. c. Surya Nepal Ltd. takes more time to convert the goods in raw material. d. Surya Nepal pays to supplier at delay comparison with Dabur. e. CCC of Surya is higher due to higher in ACIP and APP. 4. 1. 2. Correlation Coefficient Analysis Dabur Nepal Ltd. (Table 3) | ROA| ARCP| ACIP| APP| CCC| CR| FL| Lns| ROA| 1| à | à | à | à | à | à | à | ARCP| -0. 903| 1| à | à | à | à | à | à | ACIP| -0. 666| 0. 537| 1| à | à | à | à | à | APP| -0. 074| 0. 141| 0. 705| 1| à | à | à | à | CCC| -0. 927| 0. 811| 0. 446| -0. 258| 1| à | à | à | CR| 0. 835| -0. 627| -0. 888| -0. 450| -0. 6291| 1| à | à | FL| -0. 095| 0. 285| -0. 007| -0. 152| 0. 2743| 0. 48| 1| à | Lns| 0. 144| -0 . 172| 0. 348| 0. 609| -0. 352| -0. 203| -0. 572| 1| Surya Nepal Pvt. Ltd (Table 4) | ROA| ARCP| ACIP| APP| CCC| CR| FL| LNS| ROA| 1| à | à | à | à | à | à | à | ARCP| -0. 420| 1| à | à | à | à | à | à | ACIP| 0. 393| -0. 174| 1| à | à | à | à | à | APP| -0. 359| -0. 402| 0. 441| 1| à | à | à | à | CCC| -0. 263| 0. 073| 0. 939| 0. 130| 1| à | à | à | CR| -0. 892| 0. 493| -0. 443| -0. 736| -0. 196| 1| à | à | FL| -0. 869| -0. 457| 0. 541| 0. 769| 0. 299| -0. 992| 1| à | LNS| 0. 958| -0. 437| 0. 569| 0. 464| 0. 423| -0. 893| 0. 902| 1| According to the Table 3 and 4, Return on Assets (ROA) has negative relationship with ARCP.It tends to the meaning of longer the time of collection days reduces the profitability of firm. Therefore, if a firm reduces the length between sales and collection, it will increase the profitability through reinvest collections in profitable investments. Correlation results related negatively between the a verage conversion conversion inventories (ACIP) and ROA significantly in the case of Dabur. It means when the firm reduces the length time required converting raw material in to finished goods and then to sell those goods that lead to enhance profit.But in the case of Surya Nepal, there is positive relationship between ARCP and ROA. It means, it should take more stock for the high profit. The average Payment Period (APP) has negatively correlation with Profitability. It means, if the both firm shorten the length time between purchases goods and payment of the value of goods, it will lead to increase profitability. There are negative relationship between cash conversion cycle (CCC) and ROA. If the firms shorten its conversion cycle as much as possible without hurting its operation, it will reflect positively on profitability.Correlation coefficient of the size (LNS) firm is positive relationship with profitability that indicates if the firm increases its size of sales; it will lead t o increase its profitability. Current ratio refers to liquidity of the firm which relates positively correlated with ROA in case of Dabur but negatively correlated with ROA in case of Surya Nepal. Generally, if the firm invests its liquidity very well, it will generate high return and as per situation there might be required or not for holding of stocks in long term. About the Financial leverage that is negatively correlated with profitability.It means, if the firm depends on the financial leverage as much as need, ti carry itself financial obligation such as interest payment and principal payment and then it reflects negatively on its profitability. Dabur Nepal Pvt. Ltd. (Table 5) Year| 2006| 2007| 2008| 2009| 2010| 2011| ROA| 0. 031| 0. 030| 0. 022| 0. 001| 0. 084| 0. 038| CCC| 85. 74| 86. 30| 63. 87| 120. 93| 6. 29| 47. 46| Source Table 5. Graph 2 Conclusion: According to the above finding, the increasing in the value of CCC that decreases the value of ROA. And it is proved that there is negative relationship between ROA and CCC.Surya Nepal Pvt. Ltd Graph 3. Conclusion: In the case of Surya Nepal Pvt. Ltd, there is positive relationship between ROA anc CCC. This means to increase the profit of Surya firm then they have to increase the value of working capital component. 4. 1. 3Regression Analysis: Dabur Nepal Pvt. Ltd Table 6 Independent Variables| Model-1| Model-2| Model-3| Model-4| ARCP| -0. 001| à | à | à | ACIP| à | -0. 020| à | à | APP| à | à | -0. 0003| à | CCC| à | à | à | -0. 0004| CR| 0. 020| 0. 115| 0. 045| 0. 017| FL| -0. 021| -0. 577| -0. 178| -0. 015| Lns| 0. 014| 0. 053| 0. 008| 0. 002| Adjusted R^2| 0. 780| 0. 7| 0. 517| 0. 815| F-test| 0. 010*| 0. 01*| 0. 0051*| 0. 077**| Surya Nepal Pvt. Ltd Table 7 Independent Variables| Model-1| Model-2| Model-3| Model-4| ARCP| -0. 003| à | à | à | ACIP| à | 0. 907| à | à | APP| à | à | -0. 008| à | CCC| à | à | à | 0. 953| CR| 0. 275| 0. 360| 0. 221| 0. 275 | FL| -1. 188| -1. 599| -0. 055| -1. 188| Lns| 0. 245| 0. 224| 0. 069| 0. 245| Adjusted R^2| 0. 770| 0. 67| 0. 71| 0. 79| F-test| 0. 0876**| 0. 0035*| 0. 012*| 0. 0144*| In the above table, F-test has been done at 5%=* and 10% =**significance of level. Table 6 and 7 presents the regression result of two firms of 4 models.According to the table 6 and 7, ARCP and ROA have negatively correlated. For the both Company if there is 1% increase in the days of collection period than less than 1% will decrease on the value of profitability. Similarly, for the both firm, liquidity ratio and size of firm is positively correlated. It means, increases in the sales that will increase the profit volume. Positive value of CR and LNS but negative value of financial leverage (FL) is accepted by all models. This means, if loan amount is increased by 1% then profit will decreased by 0. 21% in case of Dabur but more than 11% in case of Surya Nepal.All the, result revealed that, to increase the profit, fi rm should decrease the loan amount. According to the Model 4 from table 6, there is negative relationship between ROA and cash conversion cycle. This means, to increase the profit, Dabur should reduce the CCC. It is also supported by the theory of higher the working capital leads to the lower of profitability. On the other hand, model 4 from table 7 reveals that there is positive relationship between ROA and CCC. This result is beyond the theory and if Surya Nepal wants to increase its profit then it should increase the Working capital.It may the cause of poor situation of Nepalese economy, nature of business as well as less concentration on environment management that is leading to keep higher amount of stock. According to table 6, model 1 , 2 ,3 and 4 explained the dependent variable by independent in the portion of 78% , 77% , 51%, and 81 % respectively and remaining portion is due to other element. But in the table 7, dependent variable (ROA) is explained by independent in the f orm of 77%, 67%, 71%, and 79% and remaining part is covered by other elements. CHAPTER-V CONCLUSION AND RECOMMENDATION 5. Conclusion and RecommendationWorking capital management is the same of liquidity management and its related inversely with profitability but this theory always doesn't work. Here, I have found the different relationship between the component of working capital and profitability by taking financial data of Dabur Nepal Ltd and Surya Nepal Pvt. Ltd manufacturing from 2006-2011. This study appears that there is a negative significance relationship between average receivables collection period (ARCP), average conversion inventory period (ACIP, only case for Dabur), average payment period (APP) and the profitability measures.It is proved also a negative relationship between the cash conversion cycle (CCC) from the data of Dabur Company but it is not the result of universal fact because it is also proved that there can be a positive relationship between CCC and Profitab ility. The reason behind this can be the political risk, poor economy, lack of availability of raw materials and delivery of goods and services in time due to the labor union problem, increasing in supplier power, unavailability of credit facility, poor management of current assets and lack of efficient procedure and subsidy facility from government.After this analysis, the study recommends for the firms to manage their working capital efficiently to achieve the optimal profitability. Thus, the firms can manage their working capital through reduce the length time between sell the goods and receive cash of sales, it can do that by accelerating its collections. And it also reduce the length time between convert the raw materials into finished goods to sell these goods through. On the other hand the firms should shorten the length time between purchase goods to pay their purchases.All these will lead to shorten the cash conversion cycle and then lead to achieve the optimal profitabilit y. Moreover, we can't say that there will be lower profit due to higher CCC because due to the environmental factors the component of working capital can be influenced and result can go beyond the planning and objective. In the context of Nepal, where the practices of working capital management is poor and as a result firms are generating lower profit. Secondly, long procedure of raw material conversion and delay of payment also reduces the profit of firm.It can be the one cause of Positive relationship between CCC and profitability in case of Surya Nepal Pvt. Ltd. Therefore, reduction of working capital is not only best solution because environment analysis is also important factor. References: Amit, K. Malik, Debashish Sur and Debdas Rakshit (2005). Working Capital and Profitability: A Study on their Relationship with Reference to Selected Companies in Indian Pharmaceutical Industry, GITAM Journal of Management. 3: 51-62. Deloof M (2003). ââ¬Å"Does Working Capital Management Aff ect Profitability of Belgian Firms? J. Bus. Financ. Account. , 30(314): 573-587. Dr. S. , Ray ââ¬Å"Evaluating the Impact of Working Capital Management Components on Corporate Profitability: Evidence from Indian Manufacturing Firmsâ⬠2012 Eljelly, A. M. (2004). Liquidity ââ¬âProfitability Tradeoff: An Empirical Investigation In An Emerging Market, International Journal Commerce and Management. 14(2), 48-61. J. , Desai ; N. , A. Joshi, ââ¬Å"Effect of Working Capital Management on Profitability of Firms in Indiaâ⬠March 2, 2011 ; http://papers. ssrn. com/sol3/papers. cfm? bstract_id=1774686; Lazaradiz, I and Tryfonidis, D. (2006). Relationship Between Working Capital Management And Profitability Of Listed Firms In the Athens Stock Exchange, Journal of Financial Management and Analysis. 19(1), 26-35. Mukhopadhyay, D (2004), Working Capital Management in Heavy Engineering Firms- A Case Study, myicwai. com. knowledge/fm48. Raheman, A. , ; Nasr, M. (2007). Working Capital Management And Profitability ââ¬â Case Of Pakistani Firms. International Review of Business Research papers, 3(1), 279 ââ¬â 300.Scherr, F. C. (1989). Modern Working Capital Management, Text and Cases. Englewood Cliffs, New Jersey: Prentice-Hall International Editions. Sur, D. , Biswas and Ganguly, P (2001). Liquidity Management in Indiaan Private Sector Enterprises: A case Study of Indian Primary Aluminium Producing Industry, Indian Journal of Accounting. June: 8-14. Shin, H, H and Soenen, L. (1998). Efficiency of working Capital Management and Corporate Profitability, Financial Practice and Education8 (2),37-45.
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l Burns: Understanding Nursing Research, 5th Edition Appraisal Exercises Critical Appraisal Guidelines for Qualitative Studies Research Article: Stress and nursing care needs of women with breast cancer during primary treatment: A qualitative study QUALITATIVE CRITICAL APPRAISAL GUIDELINES|KEY CONCEPTS INAPPRAISAL| Problem Statement1. Identify the clinical problem and research problem that led to the study. 2. How did the author establish the significance of the study? In other words, why should the reader care about this study? || Purpose and Research Questions1. Identify the purpose of the study. . List research questions that the study was designed to answer. If the author does not explicitly provide the questions, attempt to infer the questions from the answers. 3. Were the purpose and research questions related to the problem? 4. Were qualitative methods appropriate to answer the research questions? || Literature Review1. Did the author cite quantitative and qualitative studies relevant to the focus of the study? What other types of literature did the author include? 2. Are the references current? 3. Identify the disciplines of the authors of studies cited in this paper.Does it appear that the author searched databases outside of CINAHL for relevant studies? 4. Did the author evaluate or indicate the weaknesses of the available studies? 5. Did the literature review include adequate information to build a logical argument? Another way to ask the question: Did the author provide enough evidence to support the verdict that the study was needed? | 4. The author mentioned limitations of the study by a bias. Some women who were mentally unstable, or if the nurses felt as if they would be over whelmed with the interview were excluded. 5.The author did go into detail about the many things that are need for a patient with breast cancer. | Frame of Reference 1. Did the author identify a specific perspective from which the study was developed? If so, what was it? 2. When a researcher uses the grounded theory method of qualitative inquiry, the researcher may develop a framework or diagram as part of the findings of the study. Was a framework developed from the study findings? |1. The author did not mention a specific form which the study was developed. In my opinion it was developed to help with the coping of breast cancer in women. 2.The framework was to include the specific strain influencing the women affected during the time, the needs and expectations they had of the nurses. | Research Tradition1. Identify the stated or implied research tradition upon which the study was based. 2. Were the methods used in the study consistent with the research tradition? |1. There was not a stated research tradition stated but the implied one was phenomological research because it was based on real life situations. 2. The method used was consistent with the research tradition. The participants were interviewed and allowed to answer questions.They touched on many aspects of the strains when dealing with breast cancer. | Sampling and Sample1. Identify how subjects were selected. 2. At what sites were subjects recruited for the study? Did the sites for recruitment fit the sampling needs of the study? 3. What were the inclusion and exclusion criteria for the sample? 4. Were the selected subjects able to provide data relevant to the study purpose and research questions? 5. How many people participated in the study? Did any potential subjects refuse to participate? Did any of the participants start but not finish the study? |1.The 42 women were chosen by the nurses ate the hospital. They had to meet the following criteria early tumors, no further metastases elsewhere, no malignant pre-existing disease or neoadjuvant therapy, and the ability to understand the German language. Pg. 122. The patients were recruited while impatient in the hospital. That was a proper site for recruitment for this study because they were determining the stress and nursing care. 3. The inclusion was aimed at women with breast cancer in the stage of surgical procedures as primary therapy. The average ages of the women were 55 and the youngest person was 33 and the oldest was 79. g12 | Data Collection1. How were data collected in this study? 2. What rationale did the author provide for using this data collection method? 3. Identify the time period for data collection of the study. 4. Describe the sequence of data collection events for a participant. || Protection of Human Participants1. Identify the benefits and risks of participation addressed by the authors. Were there benefits or risks the authors do not identify? 2. How were recruitment and consent techniques adjusted to accommodate the sensitivity of the subject matter and possible vulnerability of participants? . How were data collection and management techniques adapted in acknowledgment of participant sensitivity and vulnerability? || Data Management and Analysis1. Describe the data man agement and analysis methods used in the study. 2. Did the author discuss how the rigor of the process was assured? 3. What measures were used to minimize the effects of researcher bias? 4. Did the data management and analysis methods fit the research purposes and data? || Findings1. Did the findings address the purpose of the study? 2. Were the data sufficiently analyzed? 3.Were the interpretations of data congruent with data collected? 4. Did the researcher address variations in the findings by relevant sample characteristics? || Discussion1. Did the results offer new information about the target phenomenon? 2. Were the findings linked to findings in other studies or other relevant literatures? 3. Describe the clinical, policy, theoretical, and other significance of the findings. Does the author explore these applications? || Logic and Form of Findings1. Were readers able to hear the voice of the participants and gain an understanding of the phenomenon studied? . Were elements of the research report easily found by readers? 3. Did the overall presentation of the study fit its purpose, method, and findings? 4. Was there a coherent logic to the presentation of findings? || Evaluation Summary1. Do the findings provide a credible reflection of reality? If so, how can the findings be used in nursing practice? 2. What do the findings add to the current body of knowledge? 3. State the conclusion of the critical appraisal of the study. || References cited in this appraisal that were not cited in the article:
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